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Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit - TL;DR CNBC

Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit

Publishing timestamp: 2024-07-01 19:01:38


Summary

Revolut's CEO is confident about securing a British bank license soon after overcoming hurdles. The company reported record full-year pre-tax profits, citing strong user growth and revenue diversification. The firm has resolved issues with its share structure and is optimistic about its chances of obtaining the banking license.


Sentiment: POSITIVE

Tickers: 9984.T-JP

Keywords: venture capitalinternetbankssoftbank group corpbreaking news: technologybusiness newstechnology

Source: https://www.cnbc.com/2024/07/02/revolut-boss-confident-on-uk-bank-license-approval-after-record-profit.html


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